Rabobank cuts loan rate
Rabobank New Zealand will reduce the variable base rate on its rural loans by 0.5%, effective from 16 October 2024.
Rabobank's regional manager for Australia and New Zealand, Mark Wiessing, is joining the bank's NZ board.
He replaces Lara Yocarini, who is stepping down after more than three years on the Rabobank New Zealand board.
Subject to regulatory approval, Yocarini has taken up a new role as chief executive officer of Rabobank's global asset finance subsidiary De Lage Landen (DLL). She will also be a member of Rabobank's managing board. Wiessing had more than 30 years' international experience in the financial sector, including postings in South America, Africa, Asia and Eastern Europe.
He joined Rabobank in 2006 and was regional manager South America and chief executive officer for Brazil for eight years prior to his appointment as regional manager for Rabobank Australia and New Zealand in May 2023.
Before joining Rabobank, Wiessing held roles with other leading financial institutions, including Standard Bank of South Africa, Citibank and ING.
Rural Contractors NZ have launched a campaign today against the risks of fatigue in their industry.
The popular Surfing for Farmers programme, which gives farmers a well-earned break from life on the farm, starts its eighth season from November 5.
Milk vat manufacturer DTS is selling its dairy automation business to MilktechNZ.
Former Synlait chief executive Grant Watson says the past two years have been quite the journey.
Retiring chair Jim van der Poel has used his final AGM to announce the intention to increase the DairyNZ farmer levy for the first time in the industry-good body's 17-year history.
Not too many dairy industry leaders were keen to publicly comment on the sudden passing of former Fonterra chief executive Theo Spierings.
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